Choice Hotels International (NYSE:CHH) Issues FY24 Earnings Guidance

Choice Hotels International (NYSE:CHH - Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $6.70-6.87 for the period, compared to the consensus estimate of $6.48. Choice Hotels International also updated its FY 2024 guidance to 6.700-6.870 EPS.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHH. JPMorgan Chase & Co. cut Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 target price for the company. in a report on Friday, July 19th. StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. Barclays lowered their target price on Choice Hotels International from $114.00 to $112.00 and set an "underweight" rating for the company in a research note on Friday, August 9th. Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Finally, UBS Group lowered their target price on Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $125.50.

Choice Hotels International Stock Up 1.1 %

CHH stock traded up $1.49 during trading on Monday, hitting $140.25. 756,390 shares of the stock traded hands, compared to its average volume of 481,723. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. The firm's 50 day moving average is $130.88 and its two-hundred day moving average is $123.83. Choice Hotels International has a 1 year low of $108.91 and a 1 year high of $149.75.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts' consensus estimates of $1.86 by ($0.02). The company had revenue of $435.20 million during the quarter, compared to analysts' expectations of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.75 EPS. On average, sell-side analysts anticipate that Choice Hotels International will post 6.35 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International's payout ratio is 23.91%.

Insider Buying and Selling

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Robert J. Mcdowell sold 8,712 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.99, for a total transaction of $1,176,032.88. Following the completion of the sale, the insider now owns 38,502 shares in the company, valued at approximately $5,197,384.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company's stock, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,429 shares of company stock valued at $4,866,493. Company insiders own 24.02% of the company's stock.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.